I've haven't dropped in here since I sold my last shares last year for a modest 90% loss. What's been happening with this fairy tale?

I've been gone for awhile, it looks like Ali and his booty call Nicole (AKA Global energy) are still trying to dump all their billion and a half shares. Unreal...

10Q is out

http://www.sec.gov/Archives/edgar/data/1058330/000149315213002501/form10q.htm

I just bought 10,000 shares at .023

Insiders dumping, taking this POS down the drain

News is released to attract new buyers to dump shares onto

I can't wait to see what LIES they spew next

They're not restricted, they're being DUMPED daily

UBRG flushing itself down the toilet where it belongs

Smart decision Miami, I only wish I had caught on as quickly as you did.

Has anyone here done research on STKO?

It's not the stock I don't like, it's the frauds that run it, and rip off every investor that believes their lies.

When sales go up, margins go down

I just dumped everything I had at .0008, kicking myself for not selling sooner. What a waste of money this stock has been

looks like Nicole stopped dumping for today, she must be at the salon gettin' her hair did

Maybe I'll pay Ali a visit, North Carolina's not that far from me...

I can stop by Delongs office on the way

This whole experience has left me a little shocked at just how easy it appears to be to pull off a scam like this. They don't even do a good job of inventing a believable story.

Maybe we will see the form 144 after she dumps 50 million shares

Nicole must file form 144 when dumping, since the shares are held by GEG which is an affiliate. If I understand correctly, she may only dump the greater of 1% of the outstanding shares or the average weekly trading volume, over a 3-month period. So average weekly trading volume is probably 50 million shares, so this is how much she can dump over a 3-month period. At this rate it will take her 7 1/2 years to dump 1.5 billion shares.

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.

Ordinary Brokerage Transactions. If you are an affiliate, the sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.

Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the notice and, if the securities have not been sold, you must file an amended notice.

Board pumps don't have any effect here, too much dilution.

what we SHOULD do is everyone pitch in to hire a private investigator to investigate Ali, Nicole, and Delong and try to gather evidence to expose this scam to the SEC. I would love to see them get prosecuted.

they still have a LOT of dumping to do.

is this evidence Ali and Nicole Singletary live together?

http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=9761335

The address for Nicole Singletary is the same house that Ali has listed as his address on UBRG

Wilma, yes she is an attorney, her office is located at: 4513 N Main St, Columbia, SC 29203
unless that is not her

Another one of Ali's LLCs?

On the Nevada division of corporations website, under UBRG list of officers, Solomon Ali's address is listed as 1200 Anniston Place, Indian Trail, NC.

If you look at google maps, this address is a residence.

On 5/28/2011 Nicole Singletary incorporated an LLC called T.Durant, LLC with its principal office address as 1200 Anniston Place, Indian Trail NC. The LLC was dissolved by the the state for failing to to file and annual report. I'm guessing Nicole Singletary is also one of Ali's attorney's and she filed this LLC for him.

Wilma, you know, the usual stuff, nothing substantial: "gearing up for coal shipments" "final preparations" "having some chinese over for tea"

I think the GEG that Metwood bought is also a phony company. I believe that UBRG management, and Metwood owners planned this together. I believe they intentionally rented a virtual office in the UK to create confusion and speculation that it could be the REAL GEG that also has an office in the UK(scotland). I believe they may have even intentionally made the "mistake" of putting UBRG's name on the 8-K filed by Metwood. I believe they may have been deliberately making misleading statements to Wilma to further fuel the speculation.

Wilma, you should have recorded all your conversations with them. They might be helpful in a lawsuit.

Seriously, is anyone really surprised? Myself, moneym8ker, Sumdude, EarnestDD, and others have been saying for months exactly what was revealed in the 10-k. I for one completely expected this

Wilma, they never received 3.2 million. Most of those promissory notes were probably issued in exchange for services rendered or as employment compensation.

Solomon Ali was the founder of Rainco Industries and serves as a consultant for the company... and he didn't know. Yeah, sure

c'mon, you know they prefer to exhaust their grace period down to the last hour

.0013

UBRG files form 8-A12B

I wonder what this means

http://www.sec.gov/Archives/edgar/data/1320729/000126493113000556/universal8a.htm

Bgal, let me say it again. If the shares were converted at a value of .002 that DOES NOT MEAN they PAID .002 for them. If they paid, for example, $1.6 million for the notes then that means they PAID approximately .001 per share. Or, if they paid $200k that means they PAID .000125 per share. I seriously doubt they paid anywhere NEAR that amount for the notes. No one knows what the bought the notes for since it was a private transaction. Maybe they paid nothing at all, which means no matter what price they SELL the shares for, it is all profit.

As for the dumping, I already corrected myself, the dumping has not started yet since the shares are still restricted.

Bgal, please explain to me how it makes any difference? I didn't say it was converted at a different price, because the only difference it makes is the number of shares received. Do you understand? Let me say it again, the notes were worth about 3.2 mil or whatever it was, right? Ok good, so if you convert that at .002 that means they receive 1.5 bill shares, right? Ok good, if the notes were converted at a different price, the number of shares received would different. Now, this has ABSOLUTELY NOTHING to do with how much was actually paid by GEG for the notes, get it? So the notes could have been bought by GEG for $5 bucks. The conversion price has nothing to do with the actual purchase of the notes. I hope you dont think that GEG paid .002 per share for the 1.5 billion shares, because if that's the case I will be speechless

Bgal, wait, I am wrong. The notes were purchased in Jan, but not converted until June so yes they would still be restricted. But as to your question the notes were most likely acquired for $0.00 so it doesn't make any difference at what price they are converted or sold. it's 100% profit. Don't you get it. Ali, Guest, Delong, UBRG, GEG, they are all one and the same. One scam

Wilma, actually in reading rule 144 it appears the shares would only be restricted for 6 months, since UBRG is a reporting company. Which would mean the dumping commenced in July

Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.

Wilma, it's not ridiculous because it DID happen. Also, please quote where in the financials it states that those shares are restricted from trading, because I have read them I don't recall reading that part

Wilma, the confusion is all yours. The shares were not repurchased on the open market, they were repurchased in a PRIVATE TRANSACTION, between the 2 parties, UBRG management and Delong's GEG. It's really simple, they are just swapping shares back and forth and making up stories.

Wilma, let me see if I can explain,